0.44 million barrels per day

That’s the net amount of petroleum products that the U.S. exported in 2011, marking the first time since 1949 that the country exported more petroleum products than it imported, according to data from the Energy Information Administration (EIA). Imports fell to 2.4 million barrels per day (bpd)—the lowest level in 11 years—while exports rose to 2.9 [...]

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Why Obama’s ‘All of the Above’ Energy Policy Won’t Ease Pain at the Pump

I have a brilliant idea that will solve the nation’s energy problem. We need to invest in a massive research program—I mean Apollo Project-sized—to invent a silver bullet. Because all I keep hearing is that we’re all waiting for a silver bullet to solve our energy woes, if only we could find one. Take President [...]

Why Michele Bachmann’s $2-a-Gallon Gas Promise Is a Fantasy

Since virtually the entire field of Republican presidential candidates has decided to abandon science — with the exception of Jon Huntsman, whose negligible support has to be measured with an electron microscope — I could easily spend the next 15 months shooting down every false statement they make about climate change, energy policy or evolution. [...]

The Real Price of Gasoline

I’m on a deadline today for the magazine (that thing that shows up sometimes at your house), so blogging is going to brief. But wanted to link to a neat video from the Center for Investigative Reporting (CIR) on the true price of gas. CIR tallies up the environmental, climate, health and security costs of [...]

Oil: Could the Economic Recovery Be Running Out of Gas?

Gasoline is like the circulatory system of the American economy. When it’s working fine, you barely notice it. But if something goes wrong, you end up in mortal trouble really fast. Is the struggling U.S. economy headed towards a gasoline-induced heart attack? A report by the Lundberg Survey of American cities found that gas prices—which [...]

Energy: Why the U.S. Isn’t a Better Place

Ask Shai Agassi how his electric transportation startup Better Place is doing, and the Israeli-American entrepreneur will offer up an endless supply of good stories. The company’s trial in Tokyo—running several electric taxis in the Japanese capital, which can recharge and switch their batteries at a Better Place station—was recently extended for an additional three [...]